Exo Intercompany Reporting

Many businesses regardless of size operate several separate legal
entities. Whilst efficient for tax and other purposes this can often
make for additional accounting and perhaps the need to involve
external assistance from a business’s accountant and/or auditor.

Exo Intercompany enables a business to consolidate its various
entities into a single consolidated entity for the purposes of
reporting. The consolidation process can happen as frequently as
necessary to perform group based reporting. The group company is
treated as an entity in its own right and as such all the General
Ledger transactions & reporting functions are available.

Features and Benefits:

Consolidate multiple companies

Consolidate foreign subsidiaries

Account for related
party and OEI or minority interest companies

Previously
loaded balances of a foreign subsidiary can be re-valued at any
point in time to better reflect the current currency rates &
therefore position of the group entity

Automatic
calculation and posting of Other Equity Interest (Minority Interest)
portion of the current year profit

Built in controls to
ensure data is accounted for correctly via a flag in Source Company
to identify that it has been uploaded. This ensures it is loaded to
the Group Company once only

Handle elimination entries at
the time of consolidating into the Group Consolidation Entity.